NerdWallet, Inc. (NASDAQ:NRDS) Receives $17.00 Consensus PT from Analysts

Shares of NerdWallet, Inc. (NASDAQ:NRDS) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.00.

A number of equities research analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Truist Financial decreased their price objective on NerdWallet from $19.00 to $16.00 and set a “buy” rating for the company in a report on Monday, August 5th. KeyCorp raised their target price on NerdWallet from $18.00 to $20.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Oppenheimer dropped their price objective on NerdWallet from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Finally, Barclays raised their price target on shares of NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th.

Insider Activity

In related news, insider Topline Capital Management, Ll purchased 49,722 shares of the stock in a transaction that occurred on Monday, October 21st. The shares were bought at an average price of $12.05 per share, with a total value of $599,150.10. Following the acquisition, the insider now owns 4,839,090 shares of the company’s stock, valued at $58,311,034.50. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other NerdWallet news, major shareholder Topline Capital Partners, Lp bought 412,055 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was purchased at an average price of $11.35 per share, for a total transaction of $4,676,824.25. Following the completion of the transaction, the insider now directly owns 5,251,145 shares of the company’s stock, valued at $59,600,495.75. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Topline Capital Management, Ll purchased 49,722 shares of the stock in a transaction dated Monday, October 21st. The stock was acquired at an average cost of $12.05 per share, for a total transaction of $599,150.10. Following the transaction, the insider now owns 4,839,090 shares of the company’s stock, valued at approximately $58,311,034.50. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 45.93% of the company’s stock.

Institutional Investors Weigh In On NerdWallet

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lord Abbett & CO. LLC grew its holdings in NerdWallet by 108.4% during the 1st quarter. Lord Abbett & CO. LLC now owns 926,596 shares of the company’s stock valued at $13,621,000 after buying an additional 481,958 shares in the last quarter. Vanguard Group Inc. grew its position in shares of NerdWallet by 12.1% during the 1st quarter. Vanguard Group Inc. now owns 4,005,447 shares of the company’s stock valued at $58,880,000 after purchasing an additional 432,262 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of NerdWallet by 12.6% in the second quarter. Dimensional Fund Advisors LP now owns 769,831 shares of the company’s stock worth $11,239,000 after buying an additional 86,376 shares in the last quarter. Legato Capital Management LLC bought a new stake in NerdWallet during the second quarter valued at $555,000. Finally, Cubist Systematic Strategies LLC increased its stake in NerdWallet by 11.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 15,671 shares of the company’s stock worth $229,000 after acquiring an additional 1,561 shares during the last quarter. Institutional investors own 38.81% of the company’s stock.

NerdWallet Price Performance

NRDS stock opened at $15.07 on Friday. The company’s 50-day moving average is $12.84 and its 200-day moving average is $13.33. The stock has a market capitalization of $1.11 billion, a PE ratio of -107.61 and a beta of 1.39. NerdWallet has a 1 year low of $10.10 and a 1 year high of $17.30.

NerdWallet (NASDAQ:NRDS) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. NerdWallet had a negative return on equity of 2.90% and a negative net margin of 1.65%. The firm had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $168.25 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The company’s revenue for the quarter was up 25.2% compared to the same quarter last year. On average, analysts anticipate that NerdWallet will post -0.11 earnings per share for the current fiscal year.

NerdWallet Company Profile

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.